 "Rail PSU listing ‘shocks’ Rly Board")
The Railway Board appears not to have been consulted by the finance ministry on the Budget proposal to disinvest selected rail public sector undertakings (PSUs).
Describing the decision as a “shocker,” Rail Bhavan sources say the announcement to list subsidiaries like Indian Railway Catering and Tourism Corporation (IRCTC), Indian Railway Finance Corporation (IRFC) and Ircon International was made without taking the apex management body of the Indian Railways into confidence.
The Railway Board’s surprise is principally the listing proposal for Ircon and RITES, both rail engineering consultancies, was raised only four days ago at a meeting at the
Describing the decision as a “shocker,” Rail Bhavan sources say the announcement to list subsidiaries like Indian Railway Catering and Tourism Corporation (IRCTC), Indian Railway Finance Corporation (IRFC) and Ircon International was made without taking the apex management body of the Indian Railways into confidence.
The Railway Board’s surprise is principally the listing proposal for Ircon and RITES, both rail engineering consultancies, was raised only four days ago at a meeting at the
